Microsoft Closes on Apple in Race for World's Most Valuable Listed Firm

A blowout first quarter has brought Microsoft back into contention in the race for the world's most-valuable listed company. From a report: The software behemoth is less than $60 billion away from dethroning Apple for the first time since May 2020, based on a 3.1% gain in early U.S. trading. That gives Microsoft a market value of $2.40 trillion compared with $2.46 trillion for Apple. The stock was boosted after Microsoft reported estimate-topping results for an 11th straight quarter. Several analysts raised their price targets, saying the earnings were very strong across the board.

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